ZeroLag MACD Colored MetaTrader 4 Forex Indicator is a pointer Moving Average Convergence/Divergence, MACD with zero postponement. The Indicator ZeroLag MACD interestingly with standard MACD gives the signs on a few bars prior, however divergences/assembly designated all the more clearly.
ZeroLAG MACD computes on equation:
ZeroLAG MACD(i) = (2*EMA(Close, FP, I) – EMA(EMA(Close, FP, I), FP, I)) – (2*EMA(Close, SP, I) – EMA(EMA(Close, SP, I), SP, I));
ZeroLAG MACD Signal(i) = 2*EMA(ZeroLAG MACD(i), SigP, I) – EMA(EMA(ZeroLAG MACD(i), SigP, I), SigP, I);
where:
EMA – exponential moving normal;
Close – a cost of the end of the bar;
FP – a time of the fast moving normal;
SP – a time of the moderate moving normal;
SigP – a time of the flag moving normal;
- Added coloring of the histogram bars relative to the previous bar.
- The FastEMABuffer and SlowEMABuffer values are multiplied by 100. The comment author claims that it facilitates the interpretation of the signals. Although it is already perfectly clear with bar coloring.
ZeroLag MACD Colored MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
ZeroLag MACD Colored – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How To Install ZeroLag MACD Colored MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy ZeroLag MACD Colored MT4 to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on ZeroLag MACD Colored MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove ZeroLag MACD Colored MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
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